JPMorgan Chase & Co. (NYSE:JPM) was among the stocks on Jim Cramer’s radar on Mad Money, as he advised investors to care about where a stock is going, not where it has been. Cramer mentioned the stock during the episode, as he commented:
We’re no longer hearing about onerous regulation. That ended when Trump came back in. A big bank like JPMorgan can really be hamstrung by regulation. Now, it’s Prometheus Unbound.… Of course, the banks are incredibly boring, a real sleeper, but the stocks are still inexpensive. The recent rally gives me hope that we just won’t be chasing the same old, same old over and over and over again. We can only go so far with Seagate and Sandisk, people, as leaders. But with a relatively cheap back like JPMorgan or Bank of America, or even Wells Fargo, they can very well go up much more before they’re even considered reasonably priced, let alone fully valued.
Stock market data. Photo by Photo by Alesia Kozik
JPMorgan Chase & Co. (NYSE:JPM) provides financial services, including banking, lending, payments, and investment management. In addition, the company offers investment banking, asset management, and advisory solutions.
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